New South Korean Regulator ‘Could Speed Up Bitcoin ETF Verdict’
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
A new South Korean regulatory body is set to launch this month, with a ruling on Bitcoin ETF approval reportedly high on its agenda.
Per News1, the tentatively named Virtual Assets Committee could hold its first meeting “as early as this month.”
The new body will operate under the umbrella of the country’s top financial regulator, the Financial Services Commission (FSC).
The media outlet said that the body’s launch would help “discussions on issues such as approving Bitcoin and Ethereum spot ETFs “gain speed.”
Industry insiders were also quoted as stating the committee is also expected to discuss “allowing corporate virtual asset investment.”
Several South Korean companies are hopeful of following American and Japanese companies into the Bitcoin, Ethereum, and altcoin investment sectors.
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